Greenhaven Associates Inc. Has $748.61 Million Stock Position in PulteGroup, Inc. $PHM

Greenhaven Associates Inc. decreased its stake in PulteGroup, Inc. (NYSE:PHM) by 0.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,455,949 shares of the construction company’s stock after selling 41,160 shares during the period. PulteGroup accounts for approximately 8.6% of Greenhaven Associates Inc.’s holdings, making the stock its 5th largest position. Greenhaven Associates Inc.’s holdings in PulteGroup were worth $748,611,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Axxcess Wealth Management LLC acquired a new position in PulteGroup during the second quarter worth $412,000. Atria Investments Inc boosted its stake in shares of PulteGroup by 5.8% in the 2nd quarter. Atria Investments Inc now owns 13,322 shares of the construction company’s stock valued at $1,828,000 after purchasing an additional 727 shares in the last quarter. Angeles Wealth Management LLC acquired a new stake in shares of PulteGroup in the 2nd quarter valued at $203,000. Mcdonald Partners LLC acquired a new stake in shares of PulteGroup in the 2nd quarter valued at $43,000. Finally, Asset Management One Co. Ltd. grew its holdings in shares of PulteGroup by 0.5% in the 2nd quarter. Asset Management One Co. Ltd. now owns 81,444 shares of the construction company’s stock worth $11,175,000 after purchasing an additional 370 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PHM shares. Barclays increased their target price on shares of PulteGroup from $123.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Truist Financial reduced their price target on shares of PulteGroup from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Citigroup decreased their price objective on shares of PulteGroup from $138.00 to $134.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. The Goldman Sachs Group raised their price objective on shares of PulteGroup from $133.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Wells Fargo & Company lifted their target price on shares of PulteGroup from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.14.

Insider Buying and Selling

In other news, COO Matthew William Koart sold 7,457 shares of PulteGroup stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total value of $894,840.00. Following the completion of the sale, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at approximately $3,372,000. This trade represents a 20.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

PulteGroup Trading Up 1.1%

Shares of NYSE PHM opened at $130.54 on Friday. PulteGroup, Inc. has a 1-year low of $108.49 and a 1-year high of $144.49. The company has a 50-day moving average of $128.10 and a two-hundred day moving average of $125.55. The company has a market cap of $24.47 billion, a PE ratio of 13.33, a P/E/G ratio of 1.60 and a beta of 1.19. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the prior year, the firm earned $3.03 earnings per share. PulteGroup’s revenue was down 9.6% compared to the same quarter last year. As a group, equities analysts expect that PulteGroup, Inc. will post 10.12 earnings per share for the current fiscal year.

PulteGroup announced that its Board of Directors has authorized a stock buyback program on Thursday, April 23rd that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to repurchase up to 6.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

PulteGroup News Summary

Here are the key news stories impacting PulteGroup this week:

• Positive Sentiment: PulteGroup’s mortgage subsidiary entered into a $625 million funding facility, which should provide additional liquidity to finance mortgage originations and potentially support the company’s affiliated home-sales business. PulteGroup Secures $625 Million Mortgage Funding Facility
• Positive Sentiment: PulteGroup also entered a repurchase agreement to help fund mortgage originations. Access to warehouse-style financing can improve the mortgage unit’s ability to originate and hold loans, although it also exposes the business to financing and credit-market risks. PulteGroup Enters Repurchase Pact to Finance Mortgage Originations
• Neutral Sentiment: A Wall Street analyst roundup examines whether consensus expectations imply further upside or downside for PHM. The article highlights the importance of analyst targets and ratings, but the provided report does not specify a new consensus price target or recommendation. Are Wall Street Analysts Predicting PulteGroup Stock Will Climb or Sink?
• Negative Sentiment: Zacks Research made several downward revisions, including Q3 2026 EPS to $2.60 from $2.67, Q2 2027 EPS to $2.71 from $2.81, Q3 2027 EPS to $3.00 from $3.06, FY2027 EPS to $11.04 from $11.07, and FY2028 EPS to $13.26 from $13.45. These cuts suggest some pressure on longer-term earnings expectations.
• Positive Sentiment: Offsetting the reductions, Zacks raised FY2026 EPS to $9.91 from $9.70, Q4 2026 EPS to $3.04 from $2.87, Q1 2027 EPS to $1.96 from $1.95, and Q4 2027 EPS to $3.37 from $3.25. The revisions indicate near-term earnings remain resilient, though FY2026 remains below the broader consensus estimate of $10.08.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.